Marvell Technology, Inc. (NASDAQ:MRVL) is among Goldman Sachs’ top semiconductor stock picks. On January 14, RBC Capital Markets initiated coverage on Marvell Technology, Inc. (NASDAQ:MRVL) with an Outperform rating. The firm set a $105 price target on the shares citing Marvell’s dominance in the data center market. Marvell (MRVL) Expands Role in Cloud Infrastructure and Semiconductor Innovation According to Srini Pajjuri, the lead analyst, Marvell appears to have robust orders for the AWS Trainium3 chip ...

Core Viewpoint - The semiconductor sector is experiencing a positive trend driven by strong demand for artificial intelligence (AI) and data centers, despite a rotation out of big tech stocks. This indicates a robust long-term outlook for semiconductor companies as hyperscalers invest heavily in AI infrastructure [1][5]. Industry Summary - The artificial intelligence super cycle is ongoing, with significant earnings from the semiconductor sector suggesting continued growth [1]. - Demand for high-end memory and advanced packaging chips remains strong, contributing to the positive performance of leading semiconductor stocks [2]. - The S&P 500 Semiconductor index has increased by 3.42% year to date, outperforming the overall stock market [2]. - The impressive performance of semiconductor stocks is attributed to strong AI workload demand and constrained supply, particularly in the high-bandwidth memory market [3][4]. - Goldman Sachs maintains a bullish outlook on the semiconductor sector, citing intense AI-related demand and significant upside potential for AI-exposed stocks [5]. Company Summary - Goldman Sachs' asset and wealth management business reported net revenues of $16.68 billion for 2025, a 2% increase from 2024, reflecting higher management and other fees [6]. - The investment bank's semiconductor stock picks are based on a thorough analysis of its 13F portfolio filings and hedge fund sentiment [8]. - The strategy of imitating top hedge fund stock picks has historically outperformed the market, with a reported return of 427.7% since May 2014 [9]. Top Semiconductor Stocks - **Analog Devices, Inc. (NASDAQ:ADI)**: Goldman Sachs holds a stake valued at approximately $976.95 million. The company has a market cap of $151 billion and reported nearly 17% revenue growth over the past year. Analysts expect fiscal 2026 EPS of $9.91 [10][11][13]. - **Marvell Technology, Inc. (NASDAQ:MRVL)**: Goldman Sachs holds a stake valued at approximately $977.90 million. The company is recognized for its dominance in the data center market and has a price target set at $105. Marvell's recent acquisition of XConn Technologies, valued at around $540 million, is expected to enhance its position in AI and cloud data center connectivity [14][16][17][18].

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the AI Stocks Making Waves on Wall Street. On January 14, RBC Capital analyst Srini Pajjuri initiated coverage on the stock with an “Outperform” rating and a price target of $105. The analyst sees multiple growth drivers for Marvell and an undervalued entry point. According to Pajjuri, the key debate surrounding the stock is whether management’s outlook for more than 20% data center growth in fiscal 2027, and over 40% growth in fiscal 2028, is achievable. ...